Okta Announces Appointment of Shibu Ninan as New Chief Accounting Officer

Rhea-AI Summary

Okta, Inc. (Nasdaq: OKTA) has appointed Shibu Ninan as Chief Accounting Officer, effective August 15, 2022. Ninan brings over 25 years of experience in global finance, previously serving at Veritas Technologies and Saba Software, and has a background with firms like KPMG and Deloitte. He holds a bachelor's from Bangalore University and is a Chartered Accountant and Certified Public Accountant. Brett Tighe, CFO of Okta, expressed confidence in Ninan's ability to enhance the leadership team as the company continues to establish itself as a leading independent identity provider.

Positive

• Shibu Ninan brings over 25 years of finance experience, enhancing Okta's leadership team.
• His previous roles at Veritas Technologies and Saba Software suggest strong industry knowledge.

Negative

• Chris Kramer, the previous Chief Accounting Officer, is transitioning to a different team, which may indicate potential operational continuity challenges.

SAN FRANCISCO--(BUSINESS WIRE)-- Okta, Inc. (Nasdaq: OKTA), the leading independent identity provider, today announced the appointment of Shibu Ninan as Chief Accounting Officer effective August 15, 2022.

"With over 25 years of experience and a demonstrated track record of leading global finance teams in North America, Asia, and Europe, Shibu will be a great addition to our leadership team in his new role," said Brett Tighe, Chief Financial Officer of Okta. "I also want to thank Chris Kramer who has served as our Chief Accounting Officer for the past three years and is joining our FP&A team going forward."

Prior to joining Okta, Ninan served as Vice President, Chief Accounting Officer at Veritas Technologies for the past seven years. Previously, he was the Chief Accounting Officer for Saba Software. Ninan spent nearly two decades with public accounting firms including KPMG, Deloitte India, and Price Waterhouse. He holds a bachelor degree from Bangalore University, a Chartered Accountancy from the Institute of Chartered Accountants of India, and is a Certified Public Accountant.

About Okta

Okta is the leading independent identity provider. The Okta Identity Cloud enables organizations to securely connect the right people to the right technologies at the right time. With more than 7,000 pre-built integrations to applications and infrastructure providers, Okta provides simple and secure access to people and organizations everywhere, giving them the confidence to reach their full potential. More than 15,800 organizations, including JetBlue, Nordstrom, Siemens, Slack, Takeda, Teach for America, and Twilio, trust Okta to help protect the identities of their workforces and customers.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220718005693/en/

Investor Contact:

Dave Gennarelli

investor@okta.com

Media Contact:

Kyrk Storer

press@okta.com

Source: Okta, Inc.

FAQ

Who is the new Chief Accounting Officer of Okta?

Shibu Ninan has been appointed as the new Chief Accounting Officer of Okta.

When did Shibu Ninan start his role at Okta?

Shibu Ninan started his role at Okta on August 15, 2022.

What experience does Shibu Ninan have?

Shibu Ninan has over 25 years of finance experience, including leadership roles at Veritas Technologies and Saba Software.

What will Chris Kramer do after leaving his position as Chief Accounting Officer?

Chris Kramer will join Okta's Financial Planning & Analysis (FP&A) team.

How does Shibu Ninan's appointment impact Okta?

His extensive background in finance is expected to strengthen Okta's leadership and financial strategy.